
Stay the Course
by John C. Bogle
Bogle's final book, a history of Vanguard and the index fund: the founding, the 'Bogle's folly' years, the structure that returns profits to fund owners, and his reflections on the industry and his life. It is memoir and manifesto together.
Read it if…
you want the story behind the index fund and its founder's final reflections.
Skip it if…
you want investment instruction; this is history.
Three things you will actually use
- Structure determines incentives.
- Persist through ridicule when the math is on your side.
- Serve the investor; the rest follows.
Do this first
Read it for the conviction; it is contagious.
Our verdict
Memoir and manifesto.
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